Realpage Inc (NASDAQ:RP) Quarterly Sentiment Change Report

July 27, 2018 - By Megan Stone

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Sentiment for Realpage Inc (NASDAQ:RP)

Realpage Inc (NASDAQ:RP) institutional sentiment increased to 1.08 in 2018 Q1. Its up 0.28, from 0.8 in 2017Q4. The ratio increased, as 97 funds increased or opened new equity positions, while 90 reduced and sold stock positions in Realpage Inc. The funds in our partner’s database now own: 62.63 million shares, up from 60.64 million shares in 2017Q4. Also, the number of funds holding Realpage Inc in their top 10 equity positions was flat from 4 to 4 for the same number . Sold All: 18 Reduced: 72 Increased: 55 New Position: 42.

RealPage, Inc. provides software and data analytics for the real estate industry in the United States. The company has market cap of $5.33 billion. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions. It has a 1556.58 P/E ratio. The firm also provides Kigo, a vacation rental property management system; spend management solutions for property owners and managers; The RealPage Cloud, an application infrastructure to outsource portions of the information technology operations; SmartSource that provides back-office accounting, and IT management and support services; and EasyLMS, a learning management system for property management professionals and their staff.

The stock decreased 0.34% or $0.2 during the last trading session, reaching $59.15. About 308,792 shares traded. RealPage, Inc. (NASDAQ:RP) has risen 70.85% since July 27, 2017 and is uptrending. It has outperformed by 58.28% the S&P500.

Analysts await RealPage, Inc. (NASDAQ:RP) to report earnings on August, 1. They expect $0.24 earnings per share, up 84.62 % or $0.11 from last year’s $0.13 per share. RP’s profit will be $21.63M for 61.61 P/E if the $0.24 EPS becomes a reality. After $0.28 actual earnings per share reported by RealPage, Inc. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Stockbridge Partners Llc holds 7.09% of its portfolio in RealPage, Inc. for 3.19 million shares. Contour Asset Management Llc owns 2.02 million shares or 5.5% of their US portfolio. Moreover, Summit Creek Advisors Llc has 3.05% invested in the company for 325,487 shares. The Wisconsin-based Timpani Capital Management Llc has invested 2.58% in the stock. Shannon River Fund Management Llc, a New York-based fund reported 176,339 shares.

Since January 1, 0001, it had 0 insider buys, and 22 selling transactions for $270.26 million activity.

RealPage, Inc. (NASDAQ:RP) Ratings Coverage

Ratings analysis reveals 100% of RealPage’s analysts are positive. Out of 5 Wall Street analysts rating RealPage, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5900 while the high is $7600. The stock’s average target of $67.60 is 14.29% above today’s ($59.15) share price. RP was included in 8 notes of analysts from January 30, 2018. The stock of RealPage, Inc. (NASDAQ:RP) earned “Overweight” rating by KeyBanc Capital Markets on Friday, May 4. The rating was maintained by Morgan Stanley with “Overweight” on Friday, May 4. The firm has “Buy” rating given on Monday, February 5 by KeyBanc Capital Markets. The stock of RealPage, Inc. (NASDAQ:RP) has “Buy” rating given on Friday, April 20 by Stephens. The stock of RealPage, Inc. (NASDAQ:RP) earned “Buy” rating by J.P. Morgan on Thursday, June 21. Stephens maintained RealPage, Inc. (NASDAQ:RP) rating on Wednesday, February 28. Stephens has “Buy” rating and $59.0 target. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, January 30 report.

Another recent and important RealPage, Inc. (NASDAQ:RP) news was published by Businesswire.com which published an article titled: “RealPage to Announce Second Quarter 2018 Financial Results” on July 26, 2018.

RealPage, Inc. (NASDAQ:RP) Institutional Positions Chart

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